1104 S Ocean Shore Boulevard, FLAGLER BEACH, FL 32136
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- MLS#: FC290302 ( Commercial Sale )
- Street Address: 1104 S Ocean Shore Boulevard
- Viewed: 228
- Price: $3,500,000
- Price sqft: $666
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: Beach Front,Gulf/Ocean
- Year Built: 1945
- Bldg sqft: 5257
- Days On Market: 823
- Additional Information
- Geolocation: 29.4744 / -81.1246
- County: FLAGLER
- City: FLAGLER BEACH
- Zipcode: 32136
- Provided by: GOLDEN MAGNOLIA REALTY CORP
- Contact: Marianna Gorshelev
- 386-986-4070
- DMCA Notice
-
DescriptionExplore the Golden Magnolia Resort and Spa at 1104 Oceanshore Boulevard, a newly renovated and fully operational boutique beach retreat. The nine room resort includes an oceanfront restaurant with a commercial kitchen, a plunge and 98 degree mineral pool, and a 1,672 square foot full service luxury spa. Cap Rate 7.45% Ample outside deck and pergola seating at the Golden Magnolia takes advantage of the breathtaking ocean and pool views throughout the property which lead to a beach entry offering guests miles of relaxing, sandy beaches. It also features poolside day beds, pool deck picnic tables and umbrellas, outdoor lounge areas, an outdoor gas fireplace, new air conditioning systems, and a new water heater, lowering the estimated capital expenditures for buyers. Additionally, the resort is fully licensed for liquor, restaurant, and spa services and is available to book through major booking sites, providing multiple avenues from which to capitalize. Buyers can acquire an asset equidistant to Jacksonville and Orlando in a community projected to see a 16.5% growth in population by 2027. That figure reflects a trend throughout the region of new residents looking to Northern Floridas warmer climate to provide a perpetual vacation destination unrivaled by the rest of the country. That will buoy already high traffic counts that exceed 16,000 vehicles per day, adding to the number of potential guests attracted to the retreat. The Golden Magnolia Resort and Spa at 1104 Oceanshore Boulevard is ideally suited for buyers searching for their next investment in a rapidly growing community.
Property Location and Similar Properties
Features
Waterfront Description
- Beach Front
- Gulf/Ocean
Accessibility Features
- Accessible Approach with Ramp
- Accessible Bedroom
- Accessible Full Bath
- Visitor Bathroom
- Accessible Hallway(s)
Appliances
- Dishwasher
- Dryer
- Microwave
- Refrigerator
- Washer
Home Owners Association Fee
- 0.00
Basement
- Bath/Stubbed
- Crawl Space
- Finished
- Full
- Interior Entry
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Central Air
Country
- US
Covered Spaces
- 0.00
Electric
- 200+ Amp Service
- Separate Meters
Flooring
- Carpet
- Ceramic Tile
- Laminate
- Parquet
Garage Spaces
- 0.00
Heating
- Central
- Exhaust Fan
- Heat Pump
Insurance Expense
- 0.00
Legal Description
- GEORGE MOODY SUB DIV BLOCK 18 LOTS 1
- 2
- 3 OR 268 PG 391
Levels
- Two
Living Area
- 0.00
Lot Features
- Flood Insurance Required
- Waterfront
Area Major
- 32136 - Flagler Beach
Net Operating Income
- 845515.00
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 12-12-31-4500-00180-0010
Parking Features
- Parking Spaces - 19 to 30
- Ground Level
- Lighted
Possession
- Negotiable
Property Condition
- Completed
Property Type
- Commercial Sale
Road Frontage Type
- State Road
Roof
- Cement
Sewer
- Public Sewer
Tax Year
- 2022
Township
- 12
Utilities
- BB/HS Internet Capable
- Electricity Available
- Phone Available
- Public
- Water Connected
Views
- 228
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/FC290302
Water Source
- Public
Year Built
- 1945